Value Creation in M&As in Sweden - Is the Stock Market Able to Predict Customer Reactions?
(2011)Department of Business Administration
- Abstract
- Title: Value Creation in M&As in Sweden - Is the Stock Market able to Predict Customer Reactions?
Seminar date: 2011-05-31
Course: BUSM36, Degree Project Master level in Corporate and Financial Management, Business Administration Master level, 15 University Credit Points (15 ECTS)
Authors: Besnike Bahtiri and Ammeli Stigborn
Advisor: Rikard Larsson
Five key words: M&As, Sweden, customer reactions, post-acquisition share price, event study. Purpose: This study evaluates whether the stock market is able to predict the post-acquisition reactions of the business market (customers).
Methodology: Quantitative method combined with an event study, using multiple regression analysis.
Theoretical Perspectives: Our hypotheses are mainly based on... (More) - Title: Value Creation in M&As in Sweden - Is the Stock Market able to Predict Customer Reactions?
Seminar date: 2011-05-31
Course: BUSM36, Degree Project Master level in Corporate and Financial Management, Business Administration Master level, 15 University Credit Points (15 ECTS)
Authors: Besnike Bahtiri and Ammeli Stigborn
Advisor: Rikard Larsson
Five key words: M&As, Sweden, customer reactions, post-acquisition share price, event study. Purpose: This study evaluates whether the stock market is able to predict the post-acquisition reactions of the business market (customers).
Methodology: Quantitative method combined with an event study, using multiple regression analysis.
Theoretical Perspectives: Our hypotheses are mainly based on theory regarding stock market and business market reactions following M&As. Moreover, we cover combination potential, cross-border M&As, relative size and acquisition experience. Lastly, we theorize the connection between stock market reactions versus business market reactions to every explanatory variable.
Empirical foundation: 176 M&As that occurred between 1990 and 2007 and where the acquiring firm is Swedish. Conclusions: We are not able to prove that the stock market is able to predict the actions of customers; however, we recognize some relationships and trends regarding share price changes versus combination potential and M&A experience. Moreover, we also illustrate that there seems to be a trend between customer reactions and combination potential, cross-border M&As versus M&A experience. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/2061531
- author
- Bahtiri, Besnike and Stigborn, Amelie
- supervisor
- organization
- year
- 2011
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- M&As, Sweden, customer reactions, post-acquisition share price, event study, Management of enterprises, Företagsledning, management
- language
- Swedish
- id
- 2061531
- date added to LUP
- 2011-05-31 00:00:00
- date last changed
- 2012-04-02 18:55:26
@misc{2061531, abstract = {{Title: Value Creation in M&As in Sweden - Is the Stock Market able to Predict Customer Reactions? Seminar date: 2011-05-31 Course: BUSM36, Degree Project Master level in Corporate and Financial Management, Business Administration Master level, 15 University Credit Points (15 ECTS) Authors: Besnike Bahtiri and Ammeli Stigborn Advisor: Rikard Larsson Five key words: M&As, Sweden, customer reactions, post-acquisition share price, event study. Purpose: This study evaluates whether the stock market is able to predict the post-acquisition reactions of the business market (customers). Methodology: Quantitative method combined with an event study, using multiple regression analysis. Theoretical Perspectives: Our hypotheses are mainly based on theory regarding stock market and business market reactions following M&As. Moreover, we cover combination potential, cross-border M&As, relative size and acquisition experience. Lastly, we theorize the connection between stock market reactions versus business market reactions to every explanatory variable. Empirical foundation: 176 M&As that occurred between 1990 and 2007 and where the acquiring firm is Swedish. Conclusions: We are not able to prove that the stock market is able to predict the actions of customers; however, we recognize some relationships and trends regarding share price changes versus combination potential and M&A experience. Moreover, we also illustrate that there seems to be a trend between customer reactions and combination potential, cross-border M&As versus M&A experience.}}, author = {{Bahtiri, Besnike and Stigborn, Amelie}}, language = {{swe}}, note = {{Student Paper}}, title = {{Value Creation in M&As in Sweden - Is the Stock Market Able to Predict Customer Reactions?}}, year = {{2011}}, }